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Financial infrastructure, exchange trading

The exchange moved its approvals online while keeping its own procedures

KASE has complex, long-established internal procedures. Retraining the exchange for an off-the-shelf solution was not an option, so the rollout required adaptation — and that took time.

About the client

Kazakhstan Stock Exchange (KASE) organises trading in securities, currencies and money-market instruments.

The Clearing Centre joined the project together with the exchange.

Challenges

  • Key processes ran on paper or were spread across different tools.
  • Financial processes had no single route; governing bodies worked outside the digital contour.
  • HR procedures were handled manually.
  • The exchange’s established procedural logic did not fit a standard configuration — and breaking it was not an option.

How it works

The exchange has been running on d8n since 1 July 2025; the Clearing Centre is in the same contour. The goal is a single digital “one window”.

The standard solution was adapted to the specifics of the exchange and the Clearing Centre: this takes time, but keeps the processes staff are used to.

The price of adaptation: updates arrive as separate work, and changes are verified in a test environment before production.

Roadmap: financial processes, sessions of governing bodies, HR procedures in electronic form.

System scope

Financial processesApproval in a single route.
Governing bodiesBoard sessions in the digital contour.
HR document flowHR procedures in electronic form.
One windowBringing distributed processes into one space.
Adaptation to exchange proceduresRoutes built around the logic of KASE and the Clearing Centre.

Results

  • The exchange and the Clearing Centre have run on d8n since 1 July 2025.
  • Key processes were worked through jointly with KASE and the Clearing Centre.
  • The project is in its active phase; cycle-time measurements are not yet available.
“As a result of our cooperation, electronic document flow and uninterrupted business processes were set up on a single system, and solutions important to our company were successfully implemented: HR processes — leave and business-trip requests and orders, hiring, employment contracts; contract management; management of internal regulations; governing bodies — the Management Board and the Board of Directors; management of powers of attorney. Our joint work reduced paper document flow and document approval time.”
M. K. Yermekbayeva, Managing Director, Kazakhstan Stock Exchange (KASE)
Quotes are translated from Russian; the originals are available on the Russian version of this page.

Who it is for

Relevant to organisations with established regulations: exchanges, depositories, clearing houses, regulators, banks. At the demo, ask: “how will you adapt the system to our regulations, how long will it take, and what happens to updates?”

Questions and answers

Can a document system be deployed without breaking an organisation’s established regulations?

Yes, but it requires adaptation: the configuration was tailored to KASE procedures rather than retraining staff.

How long does adapting the system to complex internal procedures take?

Adapting to complex, established logic takes months, not weeks — plan for it.

What happens to platform updates after the configuration is customised?

Updates arrive as separate work; changes are verified in a test environment before production.

Security and legal validity

  • Certified under ST RK ISO/IEC 15408-3-2017, assurance level EAL 4 (No. KZ.7500186.05.01.69209, valid until 26 May 2029); a digital signature has the force of a handwritten one under the Law of Kazakhstan “On Electronic Documents and Digital Signatures”.
  • Rights in the system equal the employee’s rights; operations are recorded in the audit log. Legally binding correspondence with government bodies goes through the national e-document exchange, with no paper duplicates. The platform is handed to the customer: the contour and access control are administered on their side.
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Let’s discuss your regulations

Come to the demo with your most awkward process — the one that definitely does not fit a standard scheme. We will work out what is configured, what is customised, and how that affects the update schedule.